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Nigeria’s foreign exchange reserves increased in September 2026, climbing to $54.91 billion from $53.31 billion in August, according to data updated on 30 September 2026. The latest figures point to a $1.6 billion month-on-month gain in the country’s external buffers.
The build-up in reserves during September suggests an improvement in Nigeria’s external position compared with the previous month, potentially offering the central bank more room to manage currency market pressures and external obligations. The data, covering the period through the end of September, marks a continuation of reserve accumulation into the second half of 2026.
With foreign reserves now nearing $55 billion, investors and policymakers will be watching whether this upward trend can be sustained in the coming months, and how it may influence Nigeria’s exchange rate stability and broader macroeconomic outlook.
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